alt Hacker NewsYou are describing only 1 kind of private equity and only 1 subclass of that.
But there are lots of well publicized lbo success stories as well. Hilton, Safeway, Dell, Nabisco. The list goes on.
You are describing only 1 kind of private equity and only 1 subclass of that.
But there are lots of well publicized lbo success stories as well. Hilton, Safeway, Dell, Nabisco. The list goes on.
> Hilton, Safeway, Dell, Nabisco. The list goes on.
For what it's worth, KKR's takeover of RJR Nabisco was actually a flop. KKR bought the company in 1988, and then spent 15+ years trying painfully to exit the position.
It is widely believed that it was the major reason why their 1987 vintage turned out to be disappointing.